News
Important Only
TikTok's purveyors of creams and candies under threat from US ban
Supreme Court upholds TikTok ban on national security groundsSmall businesses and influencers face major revenue lossSome companies have contingency plans to shift to other platforms including YouTube and InstagramBy Arriana McLymore, Helen Reid and Doyinsola Oladipo NEW YORK, Jan 17 (Reuters) - ...Reuters
Fri, Jan 17
ADVISORY-Holiday schedule for major US economic, other data
The Martin Luther King federal holiday on Monday, Jan. 20, will affect the release schedule of some major economic, energy and commodities reports from Washington during the Jan. 19 week. Below is the schedule for these weeks. Times in EST/GMT.Some Treasury announcements are subject to change.Monday...Reuters
Fri, Jan 17
WRAPUP 2-US single-family housing starts, permits hit 10-month high in December
Adds details from report, manufacturing data throughoutSingle-family housing starts increase 3.3% in DecemberBuilding permits for single-family homes rise 1.6%Overall housing starts surge 15.8%; permits dip 0.7%Housing starts drop 3.9% in 2024; permits fall 2.6%Manufacturing output rises 0.6% on aer...Reuters
Fri, Jan 17
CORRECTED-Bank of Canada to improve communication, models to help tackle future shocks
Corrects paragraph 3 to reflect BoC was criticized for its measures and not for failing to help economy, and that it commissioned review to be prepared for future shocksBy Promit MukherjeeOTTAWA, Jan 17 (Reuters) - The Bank of Canada will communicate more clearly and improve its forecasting models t...Reuters
Fri, Jan 17
CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
By David LawderWASHINGTON, Jan 17 (Reuters) - The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday....Reuters
Fri, Jan 17
France's cognac makers lift US exports ahead of Trump inauguration, data shows
U.S. cognac maker's most important market Industry suffered from trade tensions in the past Year-end shipments up significantly By Tassilo Hummel PARIS, Jan 17 (Reuters) - French cognac makers increased shipments to the United States in December, trade data showed, as distributors fill up their s...Reuters
Fri, Jan 17
TREASURIES-US yields narrowly mixed after data, ahead of Trump inauguration
US 10-year yield on track for biggest weekly drop in seven weeksUS two-year, 10-year yields hit two-week lowsUS rate futures price in nearly 40 bps of easing in 2025US 2/10 Treasury yield curve bear flattensRecasts, adds analyst comment, bullets, details about US data, US rate futures; updates price...Reuters
Fri, Jan 17
FACTBOX-The US role in world trade as Trump returns to office
Jan 17 (Reuters) - U.S. President-elect Donald Trump, after his inauguration on Monday, is expected to swiftly usher in a wide range of tariffs, which could dramatically upend the movement of goods and services in coming years.Trump has made tariffs, which were key to American tax revenue collection...Reuters
Fri, Jan 17
UPDATE 1-IMF says China's economic growth of 5% in 2024 was 'positive surprise'
Adds quotes, background in paragraphs 4-8By Andrea Shalal WASHINGTON, Jan 17 (Reuters) - China notified the International Monetary Fund on Thursday that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas told reporters, calling the development a "positive surprise" comp...Reuters
Fri, Jan 17
Bund yields on track for first weekly drop since early December
Updates prices in late European tradingBy Stefano Rebaudo Jan 17 (Reuters) - Euro zone benchmark German bond yields were on track to record their first weekly drop since early December 2024 as U.S. inflation data drove borrowing costs lower on both sides of the Atlantic.Several analysts said that...Reuters
Fri, Jan 17
UPDATE 1-IMF lifts US outlook, warns countries against protectionism, subsidies
IMF cuts forecasts for Germany, FranceFund warns against protectionist measuresHeadline inflation seen declining to 4.2% this year Adds quote on inflation, new data on ChinaBy Andrea Shalal WASHINGTON, Jan 17 (Reuters) - The International Monetary Fund on Friday raised its forecast for global gro...Reuters
Fri, Jan 17
UPDATE 1-UK to have third-strongest G7 growth in 2025, IMF forecasts
IMF raises UK's 2025 growth forecast to 1.6%Bank of England predicts 1.5% growth in 2025Reeves defends budget amid economic stagnation concernsAdds IMF chief economist in paragraphs 4-5By Andrea Shalal and Suban Abdulla WASHINGTON/LONDON, Jan 17 (Reuters) - Britain is set to have the fastest grow...Reuters
Fri, Jan 17
US manufacturing output accelerates in December
WASHINGTON, Jan 17 (Reuters) - U.S. manufacturing output surged in December likely as production at Boeing BA.N picked up following the end of a crippling strike by factory workers at the aerospace giant.Factory output increased 0.6% last month after an upwardly revised 0.4% rebound in November, the...Reuters
Fri, Jan 17
